Aspen Aerogels

Aspen Aerogels, Inc. engages in designing, developing, and manufacturing aerogel insulation used primarily in the energy infrastructure and building materials markets. Its products include Cryogel, Pyrogel, and Spaceloft. The company was founded by Hamed S. Borhanian, Patrick J. Piper, and Kang P. Lee in May 2001 and is headquartered in Northborough, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Aspen Aerogels reports record revenue and sets ambitious growth targets

Aspen Aerogels achieved record revenue in Q4 2022 and aims for significant growth in 2023.
The company's focus on thermal barrier products and strong financial partnerships position them well.
Challenges include uncertainties around General Motors' decisions and operational transitions.
Opportunities lie in expanding revenue capacity, advanced pricing discussions, and operational efficiency.

Aspen Aerogels reports strong Q1 growth, eyes EV market expansion

Aspen Aerogels' Q1 performance reflects solid revenue growth, strategic investments in EV thermal barriers, and ongoing cost management efforts to drive sustainable growth and profitability.
The company's strengths lie in diversified revenue streams, strong market positioning in the EV sector, and a focus on operational efficiency and quality standards to enhance competitiveness.
While facing challenges in achieving positive EBITDA and navigating regulatory uncertainties, Aspen Aerogels has ample opportunities for growth through EV market expansion, financing optimization, and strategic partnerships.
Overall, Aspen Aerogels' performance in Q1 sets a positive trajectory for future growth, with a clear focus on innovation, operational excellence, and maximizing shareholder value.

Aspen Aerogels reports strong Q2 earnings, eyes EV design wins

Aspen Aerogels' Q2 2023 earnings call highlighted strong financial performance, emphasis on profitability, and confidence in securing design wins with EV OEMs. The company faces challenges in revenue constraints and balancing production timelines but sees opportunities in securing OEM contracts and pursuing LNG projects.

Aspen Aerogels achieves record Q3 revenue, eyes future growth opportunities

Aspen Aerogels reported strong Q3 performance with record revenue and improved outlook for 2023, focusing on profitability and shareholder value.
The company is strategically positioning itself for growth, with a clear roadmap towards $550 million annual revenue and ongoing advancements in technology.
Challenges include delays in integrating products and managing growth, but opportunities lie in new customer acquisitions and revenue expansion.
Overall, Aspen Aerogels is optimistic about future prospects, with a strong foundation in place for continued success and innovation.

Aspen Aerogels (ASPN) reports record revenue and strategic growth focus

Aspen Aerogels (ASPN) reported strong Q4 2023 performance with record revenue and a focus on EV market positioning and profitability goals.
The company faces challenges in material shipments, maintaining margins amidst costs, and ensuring inventory management for sustained growth.
Opportunities include progressing silicon anode activities, additional OEM launches, capacity expansions, and DOE loan potential for growth.
Overall, Aspen Aerogels showcases financial stability, strategic foresight, and market responsiveness in pursuit of growth and profitability.

Aspen Aerogels reports robust Q1 performance and raises 2024 outlook

Aspen Aerogels delivered strong financial performance, raising revenue and adjusted EBITDA outlook for 2024.
The company's focus on operational efficiency, customer relationships, and innovative solutions positions it well for future growth.
Challenges in capacity constraints and gross margin trajectory require careful management to sustain growth momentum.
Opportunities in battery pack designs, OEM collaborations, and Plant II restart offer avenues for expansion and revenue enhancement.

Aspen Aerogels excels in Q3, raises outlook and secures funding

Aspen Aerogels delivered impressive Q3 results, raising revenue outlook and securing significant funding for expansion. The company's focus on profitability and financial strength positions them well for future growth despite existing uncertainties.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Commitment to Carbon Neutrality by 2035 in Scope 1 and Scope 2 Emissions NORTHBOROUGH, Mass. , July 29, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced the release of its inaugural Environmental, Social and Governance ("ESG") Highlights Report, which is available on the Company's newly launched ESG webpage at https://ir.aerogel.com/esg/.

Aspen Aerogels, Inc. Announces Release of Inaugural ESG Highlights Report

Aspen Aerogels (ASPN) delivered earnings and revenue surprises of -19.30% and 18.13%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Aspen Aerogels (ASPN) Reports Q2 Loss, Tops Revenue Estimates

44% revenue growth driven by high demand across all markets NORTHBOROUGH, Mass. , July 27, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the second quarter of 2022, which ended June 30, 2022, and discussed recent business developments.

Aspen Aerogels, Inc. Reports Second Quarter 2022 Financial Results and Recent Business Developments

NORTHBOROUGH, Mass. , July 11, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (the "Company") (NYSE: ASPN) today announced that Don Young, President & Chief Executive Officer, and Ricardo Rodriguez, Chief Financial Officer & Treasurer, expect to discuss the Company's financial results for the second quarter ended June 30, 2022, during a conference call scheduled for Thursday, July 28, 2022, at 8:30 a.m.

Aspen Aerogels, Inc. Schedules Second Quarter 2022 Financial Results Release and Conference Call

Aspen Aerogels (ASPN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Aspen Aerogels (ASPN): Can Its 17.2% Jump Turn into More Strength?

Aspen Aerogels Inc (NYSE: ASPN) shares are trading higher Thursday after the company announced it decided not to proceed with the concurrent public offerings of its common stock and its green convertible senior notes due 2027 due to market conditions. "The decision not to proceed.

Why Aspen Aerogels Stock Spiked Today

News that the advanced materials company will not issue additional stock as had been planned has its share price sharply higher. The post Why Is Aspen Aerogels (ASPN) Stock Up 20% Today?

Why Is Aspen Aerogels (ASPN) Stock Up 20% Today?

Gainers Revelation Biosciences, Inc. (NASDAQ: REVB) rose 149.3% to $1.56 in pre-market trading after jumping 27% on Wednesday. Revelation Biosciences recently announced completion of dosing for Phase 1b CLEAR clinical study of REVTx-99b for the treatment of allergic rhinitis.

Aspen Aerogels And 28 Stocks Moving Premarket

NORTHBOROUGH, Mass. , June 29, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, announced today that it has decided not to proceed with the concurrent public offerings of its common stock and its green convertible senior notes due 2027 (the "Notes") previously announced on June 28, 2022.

Aspen Aerogels, Inc. Announces its Decision Not to Proceed with Concurrent Public Offerings of Common Stock and Green Convertible Senior Notes due 2027

NORTHBOROUGH, Mass. , June 28, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced that it intends to offer $225 million of common stock (the "Shares") and $150 million aggregate principal amount of green convertible senior notes due 2027 (the "Notes") in separate concurrent public offerings registered under the Securities Act of 1933, as amended (the "Securities Act").

Aspen Aerogels, Inc. Announces Proposed Concurrent Public Offerings of Common Stock and Green Convertible Senior Notes due 2027

The company reported strong order growth from two heavyweight automakers.

Why Shares in EV Materials Company Aspen Aerogels Soared This Week

Aspen Aerogels Inc (NYSE: ASPN) stated that the increased visibility to expected order volume for 2022 from General Motors Co (NYSE: GM) and Toyota Motors Corp (NYSE: TM) is driving an updated outlook in thermal barrier revenues from $18 million to a range of $52.

Why Aspen Aerogels Shares Are Surging Today

Proven Senior Legal Executive with 20 Years of Experience to Join Aspen; Strong Commitment to Sustainability and Diversity NORTHBOROUGH, Mass. , May 19, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen", "the Company"), a technology leader in sustainability and electrification solutions, today announced the appointment of Virginia H.

Aspen Aerogels, Inc. Appoints Virginia H. Johnson Chief Legal Officer, General Counsel and Corporate Secretary

Aspen Aerogels, Inc. (NYSE:ASPN ) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET Company Participants Don Young - President & CEO Ricardo Rodriguez - CFO Keith Schilling - SVP, Technology Laura Guerrant - IR Conference Call Participants Eric Stine - Craig-Hallum Alex Potter - Piper Sandler Jed Dorsheimer - Canaccord Genuity Chip Moore - EF Hutton Chris Souther - B. Riley Colin Rusch - Oppenheimer Tom Curran - Seaport Research Partners Jeff Osborne - Cowen & Company Amit Dayal - H.C.

Aspen Aerogels, Inc. (ASPN) CEO Don Young on Q1 2022 Results - Earnings Call Transcript

Koch Strategic Platforms, a subsidiary of the renowned Koch Investments Group, invested $225 million in Aspen Aerogels over the past nine months. After rallying 200% following the first Koch investment in June 2021, Aspen has retraced the entire move and now offers a unique opportunity to enter at the Koch price.

Aspen Aerogels: The Next Big Opportunity

37% revenue growth signals strong start to the year; Aspen presented with Overdrive Award at GM's 30th Supplier of the Year ceremony; Closed $150.0 million financing from Koch Strategic Platforms NORTHBOROUGH, Mass. , April 27, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" "the Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2022, which ended March 31, 2022, and discussed recent business developments.

Aspen Aerogels, Inc. Reports First Quarter 2022 Financial Results and Recent Business Developments

NORTHBOROUGH, Mass. , April 11, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (the "Company") (NYSE: ASPN) today announced that Don Young, Chief Executive Officer, and Ricardo Rodriguez, Chief Financial Officer, expect to discuss the Company's results for the first quarter ended March 31, 2022, during a conference call scheduled for Thursday, April 28, 2022, at 8:30 a.m.

Aspen Aerogels, Inc. Schedules First Quarter 2022 Earnings Release and Conference Call for April 28, 2022

Cricut

Invesco

Although Dow Jones closed slightly lower on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain.

Executives Buy More Than $132M Of 3 Stocks

Sessions will Highlight Thermal Propagation NORTHBOROUGH, Mass. , March 22, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen", the "Company"), a technology leader in aerogel-based sustainability and electrification solutions, today announced that the Company will participate in the 39th Annual International Battery Seminar & Exhibit, the industry's premier event showcasing the state of the art of worldwide energy storage technology developments for consumer, automotive, military, and industrial applications.

Aspen Aerogels VP Technical Services John Williams to be Featured at 39th Annual International Battery Seminar & Exhibit

General Motors

PyroThin® Aerogel Technology Incorporated into GM's Ultium Battery Platform, Enhancing Performance and Safety NORTHBOROUGH, Mass. , March 18, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen", the "Company"), a technology leader in aerogel-based sustainability and electrification solutions, has been named an Overdrive Award winner as part of GM's 30th Annual Supplier of the Year awards.

Aspen Aerogels Named Overdrive Award Winner by General Motors

NORTHBOROUGH, Mass., Feb. 28, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen", the "Company"), a technology leader in sustainability solutions, today announced that the Company is scheduled to participate in the 2nd Annual Cowen Mobility Disruption Conference.

Aspen Aerogels, Inc. to Present at 2nd Annual Cowen Mobility Disruption Conference

H.C. Wainwright analyst Amit Dayal lowered the price target on Aspen Aerogels Inc (NYSE: ASPN) to $45 (an upside of 57.6%) from $65 and maintained a Buy rating on the shares.  The analyst cites the company's updated outlook stemming from plans for its thermal runaway expansion for the target drop.

Read How Analysts Reacted To Aspen Aerogels' Q4 Results

Aspen Aerogels Inc. ( ASPN , Financial), a sustainability-focused aerogels engineering and manufacturing company, recently reported earnings results for its fourth quarter and full-year 2021. For the year, revenue came in at $121.6 million compared to $100.3 million in 2020, a 21% gain.

Aspen Aerogels Records 21% Revenue Jump, Issues Strong Outlook

Aspen Aerogels, Inc. (ASPN) CEO Don Young on Q4 2021 Results - Earnings Call Transcript

Aspen Aerogels (ASPN) delivered earnings and revenue surprises of -66.67% and 11.86%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

News for Aspen Aerogels Stock (ASPN)